Fitch: US P&C reserves deteriorating
US P&C insurers are still maintaining adequate loss reserves even though their level has deteriorated moderately, according to a report from ratings agency Fitch.
The agency estimated the US P&C industry reserving adequacy may be within a range from $10.2bn in surplus reserves to a potential insufficiency of $8.7bn- or between 1.8 percent redundant to 1.5 percent deficient.
Insurers have built up enough of a buffer to release sums from their reserves for the past five years.
Reserve releases helped...
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